November 9th, 2007 by Zoe Taylor
Novomer announced it has raised $6.6m (€4.5m) in seed funding to develop a range of biodegradable plastics made from carbon dioxide The US-based company said Physic Ventures and Flagship Ventures provided the funding to drive the development of the plastics and bring the technology to the market. Over the past few years a range of suppliers have been developing biodegradable and compostable packaging in a bid to meet a market driven by consumer pressure and environmental regulations. Novomer's technology is based on catalysts developed at Cornell University. The technology uses carbon dioxide and carbon monoxide as feedstocks, rather than the grains and other ... Full Story
Topics: Packaging |
